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Richfield Hospitality Appoints Thomas Clearwater as Senior Vice President of Sales

DENVER, February 9, 2011—Richfield Hospitality , a leading hotel management company, today announced that Thomas Clearwater has joined the company as senior vice president of sales.  He will head all property-level sales for the company’s 24-hotel portfolio.

“The outlook for the hotel industry is positive, with business and meeting business expected to improve substantially over the coming year,” said Greg Mount Richfield Hospitality president.  “Tom will develop and oversee execution of the sales strategies for each of our properties with a focus in 2011 on driving rate.  Our portfolio gained market share last year, and Tom will help us build additional momentum.  Combined with the electronic marketing expertise from our Sceptre Division, we have a formidable team in place to continue to grow market share and profitability.”

Prior to joining Richfield, Clearwater was vice president of sales and special events for the Hard Rock Hotel & Casino in Las Vegas.  Previously, he was vice president of hospitality finance for GE Capital – Franchise Finance.  He is a former vice president of sales & marketing for Starwood Hotels & Resorts, where he was responsible for managing the sales and revenue management functions for 30 key hotels in the Southwest market.  He holds a Bachelor of Arts degree in Business Administration from Ohio Northern University.

About Richfield Hospitality
Richfield Hospitality, Inc. is a leading hotel management company with a premier track record of maximizing profitability and improving asset values for hotel owners.  Richfield and its affiliates offer proven solutions and expertise to approximately 500 hotels and resorts.  From hotel operations and property management to electronic distribution and interactive marketing, Richfield achieves superior operating results through its strong commitment to owners, guests and associates.  Based in Denver, Richfield is part of City Developments Limited, one of the world’s largest real estate, hotel investment and technology conglomerates with a market capitalization exceeding US$6 billion.  Additional information about Richfield Hospitality may be found at the company’s website

Julie Tullbane
Daly Gray, Inc.

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Also See: Richfield Hospitality Adds Six Hotels to Portfolio in 2010, Opens 2011 with Three More / February 2011

Recently Acquired by Platinum Equity, the 564-room Sheraton Bloomington Minneapolis-Area Hotel to Undergo $12.5 Million Renovation and Rebrand as DoubleTree in Q3 2011, Richfield Hospitality to Manage / Janaury 2011

Richfield Hospitality and Shelbourne Falcon Investors Acquire the 279-room Renaissance Syracuse Hotel; Plans $5 Million Renovation Conversion to Crowne Plaza Brand / June 2010

Rebranding Completed for the 250 room Doubletree Hotel Syracuse, Formerly a Wyndham / December 2006

Richfield Hospitality, Along with its Parent Company, City Development Limited, Seeks to Deploy Significant Capital for Structured Finance Deals to JVs and Direct Hotel Acquisitions / February 2010

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